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BREAKING: Emefiele Finally Confirms N500 Billion Scandal has Missing Money

BREAKING: Emefiele Finally Confirms N500 Billion Scandal has Missing Money

According to the SARAHRAREPORTER, The Governor of the Central Bank of Nigeria, Godwin Emefiele, has Finally confirmed the apex bank connived to conceal the N500 billion-scandal rocking the bank.


SaharaReporters had in May 2019 made public a phone conversation of Emefiele; his deputy, Edward Lametek Adamu; Director for Finance Dayo M. Arowosegbe including one of the Special Advisers to the CBN Governor, Emmanuel Ukeje discussing how to cover up the loss of over N500 billion stolen from the CBN in a private investment that went bust.

Two telephone audio tapes, exclusively obtained by SaharaReporters, revealed how the governor and top officials of the apex bank haggled over plots to conceal the loss of huge sums of monies in a Dubai investment, according to sources at the bank.

The CBN had previously said the audio conversation was genuine but no money was missing from the central bank.

Isaac Okorafor, Director Corporate Communications said: “The selective conversation being circulated was simply a discussion to ascertain why the auditors took that position and next steps to resolve it. Obviously, it soon became clear that a state government's loan cannot be classified as 'bad' or 'irrecoverable' when the state still exists and getting FAAC allocations.”

However, in a petition written by Emefiele to the Inspector General of Police, Emefiele once again confirmed that the audio was authentic and this time raised the alarm that his phone had been bugged as well as breach of security at the apex bank.

CBN urges police to investigate the audio leak Click HERE for MORE

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Afric-tv24 - Zamfara

Afric-tv24 - Zamfara

We make Africa inspiring and entertaining daily. Get the Latest news, Politics, Top stories and Jobs delivery every 24 hours


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Ben - Post Manager

Ben is the Editor and the Sponsored Post Manager at Afric-tv24 - Zamfara - Nigeria. He holds a B.S. in Computer Information Systems from Grove City College, where he graduated . He enjoys helping others and is passionate about News Post.